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The golden rule of accounting states that every transaction affects at least two accounts, maintaining balance in the accounting equation.
1. Debit what comes in, credit what goes out. Example: When cash is received, debit cash and credit sales.
2. Debit the receiver, credit the giver. Example: When goods are sold on credit, debit accounts receivable and credit sales.
3. For every debit entry, there must be a corresp...
R2R stands for Record to Report, a financial process that involves collecting, processing, and delivering financial data.
R2R encompasses the entire financial reporting cycle, from data collection to report generation.
It includes activities like journal entries, reconciliations, and financial statement preparation.
R2R ensures compliance with accounting standards and regulations, such as GAAP or IFRS.
For example, a ...
Sundry miscellaneous charges refer to various small or incidental expenses that are not categorized under specific headings.
Sundry miscellaneous charges are small, miscellaneous expenses that do not fit into specific categories.
These charges are often incurred in day-to-day business operations.
Examples include postage, office supplies, minor repairs, and other miscellaneous expenses.
They are typically recorded in ...
Orders are booked through a combination of direct sales, online platforms, and partnerships with distributors.
Utilize a sales team to directly engage with customers and secure orders
Leverage online platforms such as a company website or e-commerce platforms for customers to place orders
Establish partnerships with distributors to reach a wider customer base and increase order volume
What people are saying about Wipro
IND AS 115 & 116 focus on revenue recognition and lease accounting, enhancing transparency and consistency in financial reporting.
IND AS 115 outlines the principles for revenue recognition from contracts with customers, ensuring that revenue reflects the transfer of goods/services.
Example: A software company recognizes revenue when the software is delivered and the customer has control over it.
IND AS 116 intro...
Order to Cash Flow involves booking orders, invoicing customers, and handling rejections.
Booking the order involves capturing customer details, product/service details, quantity, pricing, and delivery terms.
Invoicing the order includes generating an invoice with all relevant details, such as customer name, order details, pricing, and payment terms.
If a customer rejects the invoice, the next step is to investigate ...
OTC stands for Over-the-Counter, referring to medications that can be purchased without a prescription. SAP T-codes are transaction codes used in SAP software for various functions.
OTC medications are available without a prescription from a healthcare provider
SAP T-codes are shortcuts to specific functions in SAP software
Examples of OTC medications include ibuprofen and cough syrup
Examples of SAP T-codes include V...
Justification for what?
Can you please clarify what you want me to justify?
Without proper context, I cannot provide a detailed justification.
Please provide more information so I can answer your question accurately.
I possess a diverse skill set including leadership, strategic planning, and effective communication, essential for driving organizational success.
Leadership: Successfully led cross-functional teams to achieve project goals, enhancing collaboration and productivity.
Strategic Planning: Developed and implemented a 5-year strategic plan that increased market share by 20%.
Effective Communication: Fostered open communication...
I want to join Wipro to leverage its innovative culture and global reach, driving impactful solutions in a dynamic environment.
Wipro's commitment to sustainability aligns with my values; I admire their initiatives like the 'Earthian' program promoting environmental awareness.
The opportunity to work with cutting-edge technologies, such as AI and cloud computing, excites me, as I have a background in digital transformati...
Pearson test where our verbal skills are tested
I applied via Naukri.com and was interviewed in Sep 2024. There was 1 interview round.
Seeking new challenges and opportunities for growth.
Looking for a new challenge to further develop my skills and expertise.
Interested in exploring new opportunities for career advancement.
Seeking a more dynamic work environment to enhance my professional growth.
Want to broaden my experience and knowledge in a different industry.
Desire to take on more responsibilities and leadership roles.
I grew up in a small town, surrounded by nature, which shaped my curiosity and resilience through various childhood experiences.
Spent summers exploring the woods, fostering a love for nature and adventure.
Participated in community sports, learning teamwork and discipline.
Volunteered at local shelters, instilling a sense of empathy and social responsibility.
Faced challenges in school, which taught me perseverance and th...
I applied via LinkedIn and was interviewed in Aug 2023. There were 4 interview rounds.
Experienced Senior Executive with a focus on strategic project management and team leadership in diverse industries.
Led a cross-functional team of 20 in a $5 million product launch, achieving a 30% market share within the first year.
Implemented a new CRM system that improved customer engagement by 40%, resulting in a significant increase in sales.
Spearheaded a cost-reduction initiative that saved the company $1 million...
OTC stands for Over-the-Counter, referring to medications that can be purchased without a prescription. SAP T-codes are transaction codes used in SAP software for various functions.
OTC medications are available without a prescription from a healthcare provider
SAP T-codes are shortcuts to specific functions in SAP software
Examples of OTC medications include ibuprofen and cough syrup
Examples of SAP T-codes include VA01 f...
Order to Cash Flow involves booking orders, invoicing customers, and handling rejections.
Booking the order involves capturing customer details, product/service details, quantity, pricing, and delivery terms.
Invoicing the order includes generating an invoice with all relevant details, such as customer name, order details, pricing, and payment terms.
If a customer rejects the invoice, the next step is to investigate the r...
Orders are booked through a combination of direct sales, online platforms, and partnerships with distributors.
Utilize a sales team to directly engage with customers and secure orders
Leverage online platforms such as a company website or e-commerce platforms for customers to place orders
Establish partnerships with distributors to reach a wider customer base and increase order volume
I applied via Campus Placement and was interviewed before Dec 2023. There was 1 interview round.
I applied via Approached by Company and was interviewed in Aug 2023. There were 2 interview rounds.
Duration - 45 mins
Topics- RC, VARC, LRDI
I applied via Company Website and was interviewed in Jan 2023. There were 3 interview rounds.
The test has quants & reasoning questions, need to be quick and on you feet to complete it.
I appeared for an interview before Jun 2024, where I was asked the following questions.
R2R stands for Record to Report, a financial process that involves collecting, processing, and delivering financial data.
R2R encompasses the entire financial reporting cycle, from data collection to report generation.
It includes activities like journal entries, reconciliations, and financial statement preparation.
R2R ensures compliance with accounting standards and regulations, such as GAAP or IFRS.
For example, a compa...
The golden rule of accounting states that every transaction affects at least two accounts, maintaining balance in the accounting equation.
1. Debit what comes in, credit what goes out. Example: When cash is received, debit cash and credit sales.
2. Debit the receiver, credit the giver. Example: When goods are sold on credit, debit accounts receivable and credit sales.
3. For every debit entry, there must be a correspondin...
I bring a unique blend of leadership, strategic vision, and proven results that align with your organization's goals.
Extensive experience in leading cross-functional teams, demonstrated by successfully managing a project that increased efficiency by 30%.
Strong track record in strategic planning, evidenced by developing a five-year growth strategy that resulted in a 50% revenue increase.
Proven ability to foster a collab...
It Was Aptitude Test of 30 Marks in which person has to clear with atleast 25+ Score.
Group Discussion on Any Given Topic
The duration of Wipro Senior Executive interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 25 interview experiences
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based on 725 reviews
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